REAL ESTATE INVESTMENT
Living Vogue LLC | June 07, 2021
Living Vogue LLC, doing business as Living Vogue Real Estate, a Sarasota, Florida-based luxury real estate company, is delighted to announce the adoption of EthereumMax ($eMax) and Kishu Inu ($KISHU) cryptocurrencies as payment options for property sales, escrow deposits, and agent commissions. The company intends to use blockchain accounting based on the Ethereum network's capacity for smart contracts to add enhanced security and confidence to its inherently large-scale real estate financial transactions.
"We are excited to offer these other payment options to our clients and agents, as we handle hundreds of millions of dollars in transactions every year. Wire fraud and contract security are significant issues in real estate transactions. Cryptocurrency and blockchain technologies provide solutions to these problems. South Florida has a large number of eMax and Kishu coin holders, and we are pleased to offer a practical use for these currencies, "Mark Coppens, CEO of Living Vogue Real Estate, said.
EthereumMax and Kishu Inu are both yield-based tokens built on the secure Ethereum network, which means they reward holders with a 2% redistribution reward to every transaction. This growth is particularly appealing when funds are held in escrow. Cryptocurrency transactions, when handled correctly, can be executed more securely and swiftly than traditional currency methods. In addition, the company intends to provide agents the option of receiving their sales commissions in eMax or Kishu coins.
Living Vogue Real Estate has announced plans to build a showroom inside the Mall at University Town Center (UTC) in Sarasota, Florida, as part of its continued expansion in Southwest Florida. The addition allows Living Vogue to scale operations further following record growth in 2020 as the area's fastest-growing real estate company. The success is due, in large part, to the uniquely luxurious experience they provide to clients, as well as the ensuing visceral attraction of talented agents.
EthereumMax ($eMax) is a decentralized ERC-20 growth token built on the Ethereum network's security. It was created to bridge the gap between the emergence of community tokens and the well-known foundational coins of crypto by creating a unique token that provides recurring and automatic financial rewards to its holders while also providing a pathway for practical long-term use in everyday life. Kishu Inu ($KISHU) is a community-focused, decentralized cryptocurrency that offers instant rewards to holders and is built on the secure Ethereum network.
REAL ESTATE TECHNOLOGY
Cherre | July 23, 2021
Cherre, the leading real estate data management, and analytics platform, announced a new collaboration with HazardHub, a leading provider of comprehensive property risk data, that will enable mutual customers to connect HazardHub's property-level hazard risk data with their other core real estate data sets for more strategic risk analysis, planning, and underwriting decisions.
HazardHub transforms massive amounts of geospatial digital data into simplified risk assessments, allowing stakeholders to make more informed decisions. Perils from the air (wind, hail, tornado, lightning), water (flood, coastal storm surge), earth (earthquake, brownfield, Superfund), and fire are all covered under the company's comprehensive, national coverage for hazards that destroy and damage property (wildfire and fire protection). In addition, mutual clients will be able to integrate HazardHub's more than 100 billion data points on property risk into their centralized data warehouse due to the collaboration with Cherre.
Cherre integrates disparate real estate data into a single source of truth, enabling the company to instantly explore their linked data for fast and actionable insight. Cherre offers the world's largest real estate knowledge graph, allowing clients to discover granular insights, automate workflows, and create models and visualizations.
HazardHub is your property risk insurance policy.
Man-Made. Air. Fire. Water. Earth. HazardHub is the third-generation provider of property-level hazard risk databases in the United States, covering the most dangerous perils. HazardHub converts massive amounts of geospatial digital data into simple answers, providing risk scorecards that can be utilized to make real-world decisions. Our scientific team provides comprehensive and innovative national coverage for risks that destroy or damage property. HazardHub is quickly becoming the industry's go-to provider for property and risk data, with over 30,000,000 results provided to the market.
Cherre is the market leader in real estate data and analysis. We provide accurate property and market information to decision-makers, allowing them to make faster and more informed decisions. Cherre enables clients to evaluate opportunities and trends faster and more accurately by offering a unique "single source of truth" while saving millions of dollars in manual data gathering and analytics costs. Cherre was founded in 2016 and is headquartered in New York City.
REAL ESTATE TECHNOLOGY
Inhabit IQ | August 28, 2021
Inhabit IQ®, a unique collective of tech-forward products serving the residential, commercial and vacation rental management industries, and ResMan®, a leading property management SaaS platform provider, today announced that Inhabit IQ has added ResMan to its suite of solutions for multifamily and commercial property management. Terms of the transaction were not disclosed.
ResMan offers an industry-leading property management platform that helps residential and commercial real estate managers operate more efficiently, thereby benefitting residents, managers and owners. The company's technologies provide end-to-end visibility into both front- and back-office operations, including accounting, budgeting, maintenance, reporting, and end-to-end leasing, among other unique capabilities.
This transaction will give Inhabit IQ a core residential-focused property management solution, while further expanding Inhabit IQ's presence in the affordable housing market. Inhabit IQ's market-leading ancillary product offerings covering payments, screening, insurance, utility billing, document management, inspections, facility maintenance and learning management are highly complementary with ResMan, and the combination will enable the company to meet the evolving needs and priorities of property management companies. The platforms of both Inhabit IQ and ResMan will remain open to partnerships with other solutions providers, allowing customers the choice of best-in-class providers to manage and optimize performance.
"We admire the quality of ResMan's products, team and customer-centric approach. With ResMan's industry-leading technology platform, we will have a full suite of solutions that allow property managers for residential, commercial and vacation rental properties to seamlessly operate their businesses either exclusively with Inhabit IQ and ResMan or in partnership with other providers," said Lisa Stinnett, CEO of Inhabit IQ. "Providing customers with flexibility and access to best-in-class solutions have been the guiding principles for both our companies. We are excited to welcome the talented ResMan team to Inhabit IQ, and look forward to further accelerating innovation across our solutions as we offer a one-stop, industry-leading platform to our clients."
"We're excited to join forces with Inhabit IQ and take our company to the next level as part of a premier and differentiated platform of leading property management solutions and services," said Paul Bridgewater, CEO of ResMan. "In recent years, we have successfully scaled our customer-first service model and expanded the reach of our software platform to new segments of the industry. Inhabit IQ's industry knowledge and collaborative approach with fast-growing tech companies make them the ideal partner to create a true industry-leading offering."
"We are proud to have supported ResMan's growth and expansion as the company takes this exciting next step in their journey," said Gavin Turner, Managing Partner at Mainsail Partners, ResMan's growth equity partner prior to today's transaction. "Since our investment in 2017, ResMan has experienced strong organic growth as a result of key investments in people, innovation and technology, as well as transformative growth from several add-on acquisitions. We are confident ResMan will continue to accelerate its momentum and provide clients with an even stronger offering as part of Inhabit IQ. We look forward to watching their continued success."
ResMan's headquarters will remain in Plano, Texas, and the Company will continue to be led by Paul Bridgewater and its current senior leadership team.
Weil, Gotshal & Manges LLP served as legal advisor to Inhabit IQ. Harris Williams LLC served as financial advisor to ResMan.
ResMan is the preferred growth partner that drives profitability and efficiency for nearly a thousand property management companies across the U.S. ResMan delivers the property management industry's most innovative technology platform, making property investments and operations more profitable and easier to manage. ResMan's platform unlocks a new path to growth for property management companies that deliver consistent NOI improvement and brilliant resident experiences easier than ever before.
About Inhabit IQ
Inhabit IQ is a unique collective of tech-forward companies serving the vacation and property management industries. Its strategic partnerships deliver best-in-class software solutions and services while fostering innovation and collaboration with like-minded entrepreneurs and industry leaders. The company believes that property managers should have the opportunity to choose platforms that best support their business goals and benefit from strategic partnerships across their ecosystem. Inhabit IQ has several private equity partners, including Goldman Sachs Asset Management, Insight Partners, Greater Sum Ventures and PSG, that are committed to helping support the Company's commitment to property management software innovation.
About Mainsail Partners
Mainsail Partners is a growth equity firm with offices in San Francisco and Austin that invests exclusively in fast-growing, bootstrapped software companies. The firm has raised over $1.3 billion and invested in more than 50 growing companies since 2003. Mainsail prioritizes investments in B2B software companies with compelling business models in growing markets. The firm's approach to driving value creation is anchored in a dedicated Operations Team that is purpose-built to help founders scale their businesses and accelerate growth. These women and men include former software company operators who leverage real-world experience, well-established best practices, and a true partnership ethos to support management teams.